According to the method of growth accounting, which of the following contribute to economic growth?
A. capital growth
B. labor growth
C. technological progress
D. All of these
Answer: D
Economics
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If a country's population grows at the same rate as its real GDP, then real per capita GDP
a. grows at an increasing rate b. grows at a constant rate c. doesn't change d. decreases at a decreasing rate e. decreases at a constant rate
Economics
Other things equal, one would predict that market wages would be relatively high when
a. the supply of labor is high. b. the demand for labor is low. c. the supply of labor is low. d. Both (a.) and (b.) are correct
Economics